GR Financial Group LLC Has $280,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

GR Financial Group LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,449 shares of the e-commerce giant’s stock after selling 143 shares during the quarter. Amazon.com comprises about 0.1% of GR Financial Group LLC’s portfolio, making the stock its 14th biggest holding. GR Financial Group LLC’s holdings in Amazon.com were worth $280,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AMZN. Cooksen Wealth LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $30,000. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Clarity Asset Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at about $46,000. Christopher J. Hasenberg Inc grew its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Finally, Steph & Co. bought a new stake in Amazon.com in the first quarter worth about $65,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMZN. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Rosenblatt Securities increased their target price on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Thursday, September 19th. Roth Mkm increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $210.00 price target on shares of Amazon.com in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.67.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $186.65 on Friday. The company has a market capitalization of $1.94 trillion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $179.11 and its two-hundred day moving average is $183.05.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.